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9 Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future value of

9 Assume you are planning to invest $5,000 each year for six years and will earn 10 percent per year. Determine the future value of this annuity if your first $5,000 is invested at the end of the first year. (Melicher 246)

Melicher, Ronald W., Edgar Norton. Introduction to Finance: Markets, Investments, andFinancial Management, Enhanced eText, 16th Edition. Wiley, 2016-10-17. VitalBook file.

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